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Mortgage calculator
A quick and easy way to calculate your monthly
mortgage payments. Simply enter the amount
you wish to borrow, the term over which you
intend to pay it off and the interest rate.
Then hit the 'Calculate' button. |
Your results
The first figure gives the total monthly payment for a straight
repayment mortgage, including both interest and payment towards the
capital loan amount. This reduces the amount owed on the capital, month
by month. The second figure shows the amount of interest payment only.
Anyone opting for an interest-only mortgage, such as linked to an endowment,
ISA or pension savings policy, will need to add the cost of the monthly
premiums of the policy to the interest figure above. On maturity the
savings policy is intended to pay off the capital loan.
These figures are only a guide. We recommend that you obtain exact
figures from a specific lender before committing to any mortgage.
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